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Search Results 0 to 13 of about 14 (some duplicates have been removed)
while ago about the two countries' need to work closely together for the sake of the world economy. >> germany is the largest trading partner with us in the eu so we have a profound stake in each other's success. we agree there's more work to do. not only do we have to grow, but we also have to reform our economies structurally. >> the president also took time to defend u.s. spying saying they have averted at least 50 threats and saved lives in the process. mr. obama's berlin visit comes almost 50 years to the day since president kennedy delivered his famous anticommunist speech. >>> a tree trimmer used his chainsaw yesterday in the area of golf links road and mountain boulevard. kpix 5's juliette goodrich was first on the scene and talked to the man who came face to face with a suspect. >>> reporter: >> then i see this guy over there. and he says come here. and i thought it was a cop. >> reporter: it wasn't a cop. it was a suspected carjacker hiding from the cops after a high-speed chase from san leandro to oakland. victor happened to be trimming trees in the area. >> he called me
while ago about the two countries' needs to work closely together for the sake of the world economy. >> overall, germany is our largest trading partner in the eu so we have a profound stake in each other's success. we agree that there's more work to do. not only do we have to grow, but we also have to reform our economies structurally. >> the president also took time to defend u.s. surveillance programs saying they have averted at least 50 threats and saved lives in the process. mr. obama's berlin visit comes almost 50 years to the day it was june 26th, 1963, when president kennedy delivered his anticommunism speech with the well known phrase, "ich bin ein berliner." >>> house republicans want to make it a federal crime to be in the u.s. illegally. a republican-based house economic voted yesterday to pass a bill boosting criminal penalties against anyone who is not a citizen. republicans say the bill is necessary to uphold enforcement of the law. democrats say it's too dangerous and are especially disappointed as the senate plans to work on an immigration bill to provide citizenship
of eight summit is supposed to center around europe's ailing economy. but as cbs reporter susan mcginnis reports another topic is expected to draw attention. >> reporter: president obama left air force one holding daughter sasha's hand. for the next two days, he will meet with world leaders here in northern ireland which he sees as an appropriate place to talk peace. >> beyond these shores right now in scattered corners of the world there are people living in the grip of conflict. you're their blue print to follow. we're the proof of what's to follow. >> reporter: russian president vladimir putin says president obama's plan to arm rebel fighters who he calls barbarians will hurt the chances for peace in syria. >> are these the people you want to support? are they the ones you want to supply with weapons? >> reporter: president obama and president putin are scheduled to hold private talks this afternoon. the conversation comes after a new report reveals the u.s. and the uk spied on russia and others at another summit. the british newspaper the guardian says former nsa contractor edw
later this year if the economy continues to improve. >> a choppy volatile summer. i would expect us to end the summer below or where we are now. >> many investors say the sell- off, what they always say, an opportunity to buy discounted shares. >>> in less than an hour thousands will kick off the susan g. komen three-day walk for breast cancer cure. this will be the last such walk here in the bay area. kpix 5's sue kwon joins us live from the starting line in corte madera with that. >> reporter: bright and early people lacing up ready to go in their hot pink getting ready and registered for open ceremonies to begin around 7 a.m. this is going to be a three-day walk. 20 miles today goes through the presidio where they will camp out tonight. all in all going about 60 miles. as you mentioned this is the last event in the bay area. the charity has canceled half of all its three-day walks including boston, chicago, tampa bay, washington, d.c. and her in the bay area and the reason why? they cite low participation, economic uncertainty, and a low donation rate. but, you know, this also
. the faucet will turn off slowly and it's time to see if our economy can stand on its own. >> reporter: that would mean mortgage rates will continue to rise. after hovering at historic lows they are at the highest level in a year. and that could slow the recovery in the housing market. >> once the rates move higher and we are starting to see it, there might be a little bit of a panic that's there that you're missing out on opportunities. >> reporter: the reason behind the stoppage of the bond buying program can be found in improving economic data. ben bernanke says he expects unemployment to fall and the economy to grow through the next year. so while the markets might experience short-term volatility, experts say it's a by-product of a brighter economic future. >> we love this. this is what we live for when you have this kind of volatility. this is a dream for us. that's why you're in the business. >> reporter: this is when you make your money? >> exactly. >> reporter: the dow is still up about 12% since the beginning of the year, so many investors are looking at the developoff as an
of next year which would mean the bond tapering to begin later this year. that depends on the economy doing well enough for the fed to do that. and stocks sold off big time dow down over 200 and overseas markets selling off, gold selling off. the 10-year note up about 2.4% a year and a half high. expect mortgage rates to head higher. mortgage rates are tied to the 10 area note. they have been on the rise of late. freddie mark reports this morning. as far as the economy is concerned a number of reports on that again today and the labor department says first time weekly unemployment claims rose to 354,000 within the range of job growth. if the economy is stumbling along, that is going to force the fed to continue its current quantitative easing plan. it's a perverse way of looking at things. it's a rough start today. dow down 134. nasdaq down 31. s&p lower by 14. michelle and brian, back to you. >> thank you, jason brooks. >>> the key players are still say very little bit ousting of men's warehouse founder and pitchman george zimmer. >> you're going to like the way you look, i guarantee
for the final group photo. although the focus was supposed to be the world economy, the crisis in syria stole the spotlight. the u.s. plans to army rebels in syria while russia supports the present government. >> we want to try to resolve the issue through political means if possible. >> including by bringing the parties to the negotiations table in geneva. we agree to push the parties to the negotiations table. >> other topics up for discussion include deterring kidnappings of foreign workers in africa and cornering globe trotting corporations into paying more taxes. >>> a scary ride for passengers on a united flight from hong kong to newark, new jersey. they were more than halfway into the 15-hour flight when a man started ranting about national security, the cia and international spying. he also claimed he and everyone else on the plane were poisoned. the crew and other passengers decided to subdue him. >> a few of us jumped on him, put him on the ground with the help of a few passengers and flight attendants. we were able to handcuff him. >> the fbi met the flight in newark and took the m
'll explain when they might start to do it and what will happen if the economy stumbles after that. the market has rallied big time the first two days of this week. back-to-back triple-digit gains by the dow jones. let's look at the big board see how we're doing this morning. market pulling back a little bit ahead of the fed announcement. dow dropping about 40 points. nasdaq and s&p each lower by about 4 points. netflix shares up 2%, tesla up 1.5%. >> thank you, jason brooks from kcbs news. >>> the republican led house has passed an anti-abortion bill. the measure restricts abortions for the first 20 weeks after conception. it's almost certain to fall short in the democratic-led senate. the white house has issued a veto threat. but it will have political impact in next year's republican primaries and future court battles challenging the 1973 supreme court decision affirming abortion. >>> breast cancer survivor melissa etheridge is commenting about angelina jolie's decision to undergo a double mastectomy. in an interview she called it a fearful choice. the rocker revealed she too has the same g
. >>> 6:26. coming up not just the economy. the top issue facing world leaders at the g8 summit. >> plus, hundreds evacuated into the streets of san francisco. the cause and will it impact business this morning? >> reporter: i'm linda yee in pacifica. she's only 10 years old, but she was able to punch her way out of an attempted kidnapping. i'll have her story. ,, ,,,,,,,,,,,,,,,,,, >>> in this case it seems like we had a tough little girl who hand herself very well. >> a man 6 feet tall approached the 10-year-old and said come with me. >> crews are going from address to address restoring service following a gas main break. >> we saw the bomb squad. we didn't know what's going on. >> president obama is in northern ireland to meet with world leaders at the g8 summit. syria is not formally on the docket but is expected to dominate the talks. >> there are very big differences between the analysis we have of what happened in syria and who is to alabama. >> we have a long road here. i don't want to create a long belief that tomorrow everybody's going home because that's not going to happen. >
the fed chief will talk about the economy. the markets have been in upheaval for the past 3.5 weeks after ben bernanke told congress the fed might soon scale back its efforts to keep interest rates low. >>> well, if you have money on your mind, your morals might slip. that's what researchers at harvard and the university of utah found. they got people to think subconsciously about cash by showing them pictures of money and they say those people were more likely to act in unethical ways like stealing from work or trying to get insider information. >> money makes people greedy. guess that's what happens when people win the lottery. they say it's the worst thing that can happen. >> they usually blow right through it very quickly. >>> time now 4:50. coming up a stinky situation at o.co. how a sewage problem could push the as out of oakland. >> plus, having a bad hair day? the unlikely culprit in your bathroom. >> and pint-sized protectio . the ebay auction that's now gone viral. ,, at farmers we make you smarter about insurance, because what you dont know can hurt you. what if you didn't know
market to all-time highs but bernanke says the economy is looking up and predicts unemployment will drop to 7% so he says that stimulus might not be needed anymore. >>> best buy is recalling replacement batteries for the macbook pro laptop. the battery can apparently catch fire. so far, there have been more than a dozen reports of this happening. one person suffered a serious burn on the leg. the atg lithium ion batteries were sold between 2008 and 2012. >>> a major donut chain is about to roll out gluten-free products. dunkin' donuts says it plans to offer them in cinnamon sugar and blueberry muffins by the end of the year. about 1% of americans have celiac disease. even small amounts of gluten can prompt severe discomfort so now they can have donuts. >>> key players are saying little about the firing of men's warehouse founder and pitchman george zimmer. >> you'll like the way you look, i guarantee it. >> we have seen those ads for years. the corporate chain with offices in fremont made a statement yesterday. they haven't said why they fired the executive chairman. he founded the compa
time ago for the final group photo. although the focus was supposed to be the world economy, the crisis in syria has stolen the spotlight. the u.s. plans to arm anti- government rebels in syria while russia supports the regime of syrian president bashar assad. >> we want to try to resolve the issue through political means if possible. >> including by bringing the parties to the negotiations table by bringing the parties to the negotiations table. >> other topics up for discussion including deterring kidnapping of foreign workers in africa and cornering globe trotting corporations into paying more taxes. >>> in afghanistan three people are dead after a car bomb went off today in kabul. authorities say the intended target was a prominent lawmaker who was not among the casualties. the attack came at about the same time of a major milestone in the 12-year war in afghanistan. president karzai announced today afghan forces have taken over the lead for security nationwide. it had been headed up by the u.s.-led nato coalition. >>> the trial of joe naso is now under way in marin county court. ju
-off of the year yesterday. investors are worried whether the economy can continue its recovery without help from the federal reserve. on wednesday fed chief ben bernanke hinted that the central bank will begin to scale back its stimulus program this year ending a long stretch of extremely low interest rates. those fears coupled with more data pointing to weakness in china sent stocks plunging. the dow was down 353 points the biggest drop in two years. the nasdaq was down 78. >>> the housing market continues to gain ground. sales of previously owned hopes are at the highest level in four years. the average home price is now going for $208,000. >>> and the popular photo sharing app instagram is adding video. the company owned by facebook will let users record 15 second clips and adjust the colors and contrast. facebook is trying to compete with twitter's video share app called vine. i love how you can change the color and contrast and make any pick look great? >> i know. i can make myself look ten pounds lighter. >> reporter: we all love it. >> let's talk yahoo now. apparently they have a new acqu
Search Results 0 to 13 of about 14 (some duplicates have been removed)